DAA Finance plc Statement
EUR600,000,000 6.5872 per cent notes due 2018 of DAA Finance plc, guaranteed by Dublin Airport Authority plc (ISIN:XS0375220588)
On December 5, 2011, Standard & Poor’s Ratings Services (“S&P”) placed 15 of 17 eurozone sovereigns, including Ireland (BBB+/A-2), on CreditWatch with negative implications.
Consequent upon Ireland’s sovereign rating outlook change, due to the fact that S&P applies its government related entity criteria to Dublin Airport Authority plc (“DAA”), on December 8, 2011, S&P also placed DAA’s corporate credit rating (BBB/A-3) on CreditWatch with negative implications.
S&P aims to resolve the CreditWatch placement on DAA following the resolution of that on Ireland.
9 December 2011
Enquiries: Ray Gray, Director, DAA Finance plc
Telephone number: +353 1 814 5265
Feargal O’Reilly, Director, DAA Finance plc
Telephone number: +353 1 814 1690